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Current account deficit widens to $14.9bn

Australia's current account deficit widened to $14.9 billion in the September quarter, seasonally adjusted.

This followed an upwardly revised deficit of $12.369 billion in the June quarter, the Australian Bureau of Statistics (ABS) said on Tuesday.

The median market forecast was for a deficit of $14.6 billion in the September quarter.

The surplus on goods and services in chain volume terms (adjusted for price changes) increased $490 million, which would add 0.1 percentage points to growth in the September quarter measure of gross domestic product (GDP), the ABS said.